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265, Ongar Road, Brentwood, Essex, CM15

For Sale: £575,000 Freehold.

614 sq. ft.

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Key Features

Busy Local Parade

Close Proximity to Brentwood Town Centre

Short Distance to the A12

Shop Premises and 2 Self Contained Flats

Retail Shop - has an EPC rating of B-30.
Flat 265a - has an EPC rating of D-63.
Flat 265b - has an EPC rating of D-67.

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Property Description

The property comprises a well-presented mixed-use investment including a ground floor retail unit together with two self-contained apartments.

The ground floor is let to Crumbs Bakery, who have been in occupation for approximately nine years and are currently paying £12,600 per annum exclusive. The accommodation provides a front retail area, kitchen, and rear store with roller shutter access.

Above and to the rear of the shop there are two 1 bedroom apartments, both let on Assured Shorthold Tenancies, producing £11,700 per annum and £12,600 per annum respectively. Overall, the property is in good good condition throughout and represents an attractive income-producing investment with established tenants in place.

The total income for the building is £36,900 per annum.

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Location

The building occupies a prominent roadside position near to the junction with Warescot Road located within a busy local parade approximately 1 mile to the north of Brentwood Town Centre.

VAT

All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.